ALBERT C. RITCHIE, GOVERNOR. 535
CHAPTER 196.

AN ACT to authorize, empower and direct the County Com-
missioners for Wicomico County to borrow upon the faith
and credit of Wicomico County to the amount of Three
Hundred Thousand Dollars ($300, 000), and to issue and
sell coupon bonds therefor, to be known as "Wicomico
County School Bonds of 1929"; the proceeds thereof to be
used for the purpose of building and equipping a high school
at Salisbury, in Wicomico County, State of Maryland; to
provide for the payment of the interest on said bonds and
of the principal thereof by the levying of taxes; to create
a "School Building Commission of Salisbury, " to supervise
the selection of site and the building and equipping of said
high school, and to submit to the legally qualified voters of
said Wicomico County the question of whether or not said
bonds shall be issued.

SECTION 1. Be it enacted by the General Assembly of
Maryland, That for the purpose of erecting and equipping a
school building at Salisbury, in Wicomico County, State of
Maryland, the County Commissioners for Wicomico County
are hereby authorized, empowered and directed to borrow on
the faith and credit of Wicomico County, the sum of Three
Hundred Thousand Dollars ($300, 000), and to issue bonds
therefor from time to time in such amounts as may be deemed
necessary by the Commission hereinafter named and when re-
quested by said Commission, to carry on the said work.

SEC. 2. And be it further enacted, That the said bonds shall
be issued in denominations of One Thousand Dollars ($1, 000)
with coupons attached thereto for the payment of interest there-
on semi-annually; on the first day of July and December, in
each and every year thereafter until the maturity thereof;
said bonds shall be signed by the President of the County
Commissioners for Wicomico County and countersigned by the
County Treasurer for Wicomico County, with the seal of the
said County affixed thereto; the coupons thereon shall be signed
by the County Treasurer for Wicomico County or a fac-simile
of his signature shall be printed, engraved or written thereon;
said bonds shall bear interest from the date thereof at a rate
not exceeding five per centum per annum, and shall be exempt
from all State, county and municipal taxation.